First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. For more details, check out IRS Publication 4303, A Donor’s Guide to Vehicle Donations. Once the charity sells the car, it should send you Form 1098-C confirming the sale date and price. Most charities sell donated vehicles, and your deduction is typically limited to the proceeds received from the sale. The IRS has strict rules for documenting vehicle donations, so you’ll need to get the correct paperwork to claim your write-off. For many taxpayers, that’s a tough hurdle, so you might want to work with your tax advisor to crunch some numbers before you donate, just to see if itemizing will be worth it. Generally your total itemized deductions-including out-of-pocket medical expenses, home mortgage interest, state and local taxes and charitable deductions-need to be greater than the standard deduction available for your filing status. To get a tax benefit from donating your vehicle, you must itemize deductions. Your gift to the Trust costs you nothing! Also, as the Oregon Historical Society is a Cultural Partner of the Trust, your donation will come back to OHS as grant funding for our programs.Before donating your car, it’s a good idea to read up on the IRS guidelines for charitable donations to be sure you qualify for the deduction you expect to claim. Unlike a tax deduction which reduces your amount of taxable income, a tax credit actually reduces the amount of tax you owe. If you match your donation to OHS, with a donation of the same amount to the Trust before December 31st, you earn a tax credit in the amount of your gift on your State of Oregon tax returns. Tax credit on all matching donations made to the Trust. In an effort to support Oregon cultural institutions, the Cultural Trust is offering a Give a matching donation to the Oregon Cultural Trust and receive a 100% tax credit! For questions regarding transfer,ĭownload this form or contact Molly Cochran, Director of Development at 50 for further information. Mail or in person: Oregon Historical Society, 1200 SW Park Avenue, Portland, OR 97205Īppreciated securities or stock: Charitable gifts of stock are a wonderful way to support the Oregon Historical Society and can potentially provide tremendous tax benefits to you. Phone: Call Molly Cochran, Director of Development, at 50 The Oregon Historical Society's tax ID number is 93-0391599.įor further questions, please contact the development office at 503.306.5237 or How can I make my gift? Certain benefits that come with membership, such as the subscription to the Oregon Historical Quarterly, may reduce the tax-deductible amount-please consult your accountant. Gifts to the Annual Fund are tax-deductible to the full extent allowed by the law. Yes! The Oregon Historical Society is a private, non-profit organization. Additional support is necessary to help cover our operating expenses. Membership dues provide less than 10% of our annual income. How is my Annual Fund gift different from my membership? Oregon Historical Quarterly, the journal of record for Oregon history for over 100 years, gives members and the public regular access to new and important documentation and interpretation of our history. Well trained staff and volunteers are available to assist with research.Įducation program at the Society hosts award-winning workshops and seminars and produces online resources for the classroom and public. Research library houses an extensive collection of Oregon and Northwest-focused photographs and historical documents. We also bring quality national exhibits to the state. Your gift supports everything the Oregon Historical Society does, from educational and public programs to research and collections preservation.Įxhibits provide access to, and interpretation and enjoyment of, its collections of priceless artifacts. The Annual Fund supports the daily operations of the Oregon Historical Society.
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